taxes

Thanks to maturing markets, limited access to capital, and disproportionate tax burdens, many companies in the cannabis industry are facing major challenges in managing their debt. Creditors and investors are increasingly negotiating restructuring and refinancing agreements that allow distressed...

By Colin Zizzi Most people don’t enjoy learning or thinking about taxes, but tax planning is one of the most underrated areas that can have the greatest impact on your overall financial health. The end of the year is a great time to review your tax strategy and identify opportunities that may...

Non-fungible tokens (NFTs) may be taxed on par with other collectibles, such as fine wine or works of art, according to a recent document published by the U.S. Internal Revenue Service. This move could impact taxpayers who have included NFTs in their retirement plans. The proposed guidance is...

As the tax deadline of April 18 approaches, the tax preparation industry is experiencing a surge in demand for its services and software solutions. Benzinga identified several key players in the tax sector that could potentially benefit from the heightened activity during tax season. Intuit...

President Joe Biden said on Tuesday his budget proposal to Congress will consider some higher taxes, including on billionaires, but will not go against his pledge not to raise rates on Americans making less than $400,000 a year. "…I want to make it clear I'm going raise some taxes. Many of...

The House Ways and Means Committee released thousands of pages of President Donald Trump's tax returns from the years 2015 through 2020 on Friday, giving Americans a detailed look into the former president's finances during his time in office. What Happened? After a lengthy legal battle,...

Nearly six years after Donald Trump was sworn in as the 45th president of the United States, voters will finally get to see Trump's tax forms by the end of the week. What Happened: Sources familiar with the matter have said the House Ways and Means Committee will publish the former president...

In the early stages of the pandemic, property sales and new construction initially stopped in the wake of economic uncertainty, which eventually led to a substantial increase in home ownership across the U.S. An unusually heated housing market resulted from a combination of factors including...

In April, Colorado Gov. Jared Polis pledged to make the state more cryptocurrency-friendly. On Monday, he took the next step by announcing residents of the state can pay taxes with cryptocurrencies. What Happened: Polis shared the news at Denver Startup Week, a five-day (Sept. 19 to 23) ...

Detroit-based Benzinga sent its team to New Orleans for Xerocon, Aug. 24-25. During that time, Benzinga sought to recognize the innovation in accounting technology and spoke with founders, investors and others. The following is a chat with Xero Limited (OTC: XROLF) Chief Product...

KEY POINTS:  While the nature, extent and timing of U.S. cannabis policy reform remains in limbo, a federal excise tax is inevitable and with that (if not before) the elimination of the 280E tax burden.  The Democrats suggest a 25% excise tax (Cannabis Administration &...

"Daily Show" host Trevor Noah recently criticized the tax laws that allow billionaire Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk to borrow money tax-free using his Tesla shares as collateral to fund his $44 billion proposed buyout of Twitter Inc (NYSE: TWTR). Noah argued there's a...

By Abigail Perry Crypto is still a relatively new investment opportunity, and there are still many unanswered questions about how it fits into our tax laws. Well, the bad news for crypto investors: it is taxable. Despite being a digital asset, the IRS considers cryptocurrency holdings 'property...

By Kyle Rutten with Brestel Bucar In managing your estate and keeping wealth in the family, it’s easy for things to go wrong. This is especially the case if the correct documentation is not in place or your desires are not clearly outlined in these documents. Luckily, this is avoidable...

President Joe Biden and first lady Jill Biden released their income tax returns last week. The first couple reported $610,702 in adjusted gross income and paid $150,439 in federal income tax at an effective tax rate of 24.6%. While it’s unclear what former president Donald Trump’s...